Arax Advisory Partners Has $6.81 Million Holdings in Taiwan Semiconductor Manufacturing Company Ltd. $TSM - MarketBeat

In Q4 2026, Arax Advisory Partners reduced its stake in Taiwan Semiconductor Manufacturing Company (TSMC) by 18.4%, lowering its holdings to $6.81 million. Despite this reduction, several other instit... Read original →

Arax’s TSMC stake reduction reflects tactical rebalancing amid lofty AI valuations, not bearish sentiment. The simultaneous accumulation by Fisher, Van Eck, and others underscores TSMC’s irreplaceable role in 3nm and CoWoS packaging—technologies underpinning over 70% of high-end AI chips. NVIDIA’s ‘insanely profitable’ remark highlights TSMC’s pricing power derived from EUV and advanced interconnect leadership. Yet persistent water scarcity and talent shortages in Taiwan, China are inflating operational risk, prompting clients like Google to explore Samsung as a hedge. Despite Samsung’s GAA transistor advances, its yield and scale lag TSMC by at least 18 months. Over the next 12–24 months, TSMC will retain supply dominance and pricing leverage, but geopolitical fragility will accelerate industry-wide dual-sourcing—a dynamic that paradoxically strengthens near-term margins while seeding long-term competitive erosion.